When Signature Bank collapsed in March, many wondered how crypto firms would fare given their reliance on the digital assets-friendly bank—and, in particular, on its real-time payments platform, Signet, which made it easy to convert between fiat currency and crypto.
In an interview with Fortune, Circle CEO and co-founder Jeremy Allaire said that the USDC issuer has turned to Customers Bank and its Customers Bank Instant Token (CBIT) tool, an analogous instant platform to Signet developed by the same financial services firm, Tassat.
